Connect with us

Hi, what are you looking for?

Jewish Business News

Business

Meta Plans New Layoffs: Mark Zuckerberg to Cut 5% of Workforce Across Facebook, Instagram, and WhatsApp

Meanwhile, Mark Zuckerberg is expected to have a front row seat at Donald Trump’s presidential inauguration next week.

Mark Zuckerberg

Mark Zuckerberg (screen shot from Facebook)

Mark Zuckerberg’s Meta, the tech giant behind Facebook, Instagram, and WhatsApp, is poised to slash approximately 5% of its global workforce in a decisive move to swiftly eliminate “low performers.”

In a candid memo to employees, CEO Mark Zuckerberg revealed the company’s intent to accelerate performance-driven layoffs, framing the decision as preparation for what he described as an “intense year” ahead. This bold action underscores Meta’s commitment to sharpening its competitive edge and streamlining operations amid mounting challenges.

“I’ve decided to raise the bar on performance management and move out low-performers faster,” Mark Zuckerberg told Meta’s employees in a memo. “We typically manage out people who aren’t meeting expectations over the course of a year, but now we’re going to do more extensive performance-based cuts during this cycle.”

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.

“It’s like, you want feminine energy, you want masculine energy,” Zuckerberg added about Facebook’s problems. “I think that that’s all good. But I do think the corporate culture sort of had swung toward being this somewhat more neutered thing.”

The announcement comes amid a storm of upheaval and sweeping policy shifts under Mark Zuckerberg’s leadership. Just two weeks ago, Meta replaced its top policy executive with a prominent Republican, signaling a stark change in direction.

Last week, the company made waves again, declaring the end of its third-party fact-checking programs in the United States. Alongside this, Meta unveiled controversial updates to its hateful conduct policies, allowing certain previously banned content to resurface on its platforms. These changes include permitting references to “women as household objects or property” and describing “transgender or non-binary people as ‘it,'” according to excerpts from the revised policy. The moves have sparked intense debate, further amplifying the turmoil within the company.

Meanwhile, Mark Zuckerberg is expected to have a front row seat at Donald Trump’s presidential inauguration next week. Zuckerberg will also host an inauguration ball for President-elect Donald Trump and Vice President-elect JD Vance together with big Trump supporter Miriam Adelson and other big time billionaires.

The Facebook founder has been trying to curry favor with Trump for a long time after having been an object of Trump’s ire for many years

Newsletter



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Life-Style Health

Medint’s medical researchers provide data-driven insights to help patients make decisions; It is affordable- hundreds rather than thousands of dollars

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

History & Archeology

A groundbreaking discovery in the Manot Cave in the Western Galilee, Israel has unearthed the earliest evidence in the Levant (and among the world's...